Lord Abbett Private Credit Fund S 8-K
Research Summary
AI-generated summary
Lord Abbett Private Credit Fund S Appoints Computershare as Collateral Agent
What Happened
Lord Abbett Private Credit Fund S announced that Computershare Trust Company, N.A. was appointed to succeed State Street Bank and Trust Company as collateral administrator and collateral agent under the Revolving Credit and Security Agreement dated July 25, 2025. The resignation/appointment and first amendment to that Credit Agreement were executed on March 26, 2026, and the change became effective on the Closing Date, March 27, 2026. Computershare also assumed the roles of custodian and securities intermediary. The filing states the First Amendment made no other material changes to the Credit Agreement.
Key Details
- Computershare Trust Company, N.A. replaced State Street Bank and Trust Company as collateral administrator and collateral agent.
- Credit Agreement originally dated July 25, 2025 among Lord Abbett PCF Financing S LLC (borrower), BNP Paribas (administrative agent), and Lord Abbett Private Credit Fund S (equityholder/collateral manager).
- Resignation, Appointment, Assignment and First Amendment dated March 26, 2026; Closing Date March 27, 2026.
- The First Amendment did not make any other material changes; the amendment is filed as Exhibit 10.1.
Why It Matters
This is an administrative change to the parties responsible for managing and holding collateral under the fund’s revolving credit facility. For investors, the filing indicates operational custody and administration responsibilities have shifted to Computershare but confirms there were no other material amendments to the credit terms. Monitor future disclosures if you want updates on any operational impacts or related governance matters.